KPIs & Operating Metrics(New)
Growth Metrics

Nov (NOV) Cost of Revenue (2016 - 2026)

Nov's Cost of Revenue history spans 18 years, with the latest figure at $1.7 billion for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 1.03% to $1.7 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $6.6 billion, a 1.46% increase, with the full-year FY2025 number at $6.7 billion, up 1.76% from a year prior.
  • Cost of Revenue hit $1.7 billion in Q1 2026 for Nov, up from $1.5 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for NOV hit a ceiling of $1.8 billion in Q4 2023 and a floor of $1.3 billion in Q1 2022.
  • Historically, Cost of Revenue has averaged $1.6 billion across 5 years, with a median of $1.6 billion in 2023.
  • Biggest five-year swings in Cost of Revenue: surged 31.57% in 2022 and later dropped 18.85% in 2024.
  • Tracing NOV's Cost of Revenue over 5 years: stood at $1.6 billion in 2022, then grew by 13.25% to $1.8 billion in 2023, then dropped by 18.85% to $1.5 billion in 2024, then dropped by 0.13% to $1.5 billion in 2025, then increased by 11.83% to $1.7 billion in 2026.
  • Business Quant data shows Cost of Revenue for NOV at $1.7 billion in Q1 2026, $1.5 billion in Q4 2025, and $1.8 billion in Q3 2025.